3 ms·

Selection bias at work

• tehjoker 6y ago
  There are a few of them because wealth concentrates upwards. Their mere existence as dynastic families proves that wealth does not always flow downwards but persists in an American aristocracy that stands out of public view and allows us to pretend otherwise.
  • nickik 6y ago
    You are still making the same mistake. > There are a few of them because wealth concentrates upwards. Is your argument really that all wealth is already owned by some dynastic elite and that's why nobody else can get to that level? That is nonsense. Wealth outside these is gigantic. We constantly see economic growth that creates wealth, and new fortunes for people. Somebody in tech should really understand this, and these new rich often actually more influential and richer then some of these dynastic elite. > Their mere existence as dynastic families proves that wealth does not always flow downwards That's not what me or parent argued, nice straw-men.